DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Short Interest Up 86.0% in January

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 62,500 shares, a growth of 86.0% from the December 31st total of 33,600 shares. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is currently 2.6 days.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.2 %

DTF Tax-Free Income 2028 Term Fund stock traded up $0.02 during midday trading on Wednesday, reaching $11.27. The company’s stock had a trading volume of 1,028 shares, compared to its average volume of 16,325. DTF Tax-Free Income 2028 Term Fund has a 52-week low of $10.63 and a 52-week high of $11.45. The stock’s 50-day simple moving average is $11.22 and its 200-day simple moving average is $11.23.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, March 17th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its stake in shares of DTF Tax-Free Income 2028 Term Fund by 14.9% in the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock valued at $260,000 after buying an additional 3,000 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $308,000. Kovitz Investment Group Partners LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at approximately $5,819,000. Virtu Financial LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth approximately $207,000. Finally, Hara Capital LLC increased its stake in DTF Tax-Free Income 2028 Term Fund by 27.6% in the 3rd quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock valued at $5,210,000 after purchasing an additional 100,075 shares in the last quarter. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.